Eagan, MN—55121
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Eagan, MN
As of Oct '25, the median home price in Eagan, MN is $331,000, with a year-over-year change of 2.5%. This indicates that home prices in Eagan, MN are increasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $331,000 | 2.5% |
| Single Family | $370,000 | 2.2% |
| Condos | $191,000 | -2.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $137,000 | -2.1% |
2 Bed | $268,000 | 0.0% |
3 Bed | $301,000 | 1.3% |
4 Bed | $465,000 | 2.4% |
| 5 Bed | $556,000 | 1.1% |
% of Housing Stock
Rental Trends — Eagan, MN
As of July '25, Rentcast reports the average rent in Eagan, MN is $1,870, with a year-over-year rent change of -10.5%. Per bedroom, the median rent as of July '25 in Eagan, MN is studios: $1,770, 1-bedrooms: $1,410, 2-bedrooms: $1,650, 3-bedrooms: $2,600, 4-bedrooms: $2,600. The most common rental property sizes in Eagan, MN are 2-bedroom and 1-bedroom, accounting for 50.4% and 26.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $1,870 |
| Studio Rent | $1,380 | $1,770 |
| 1 Bed Rent | $1,350 | $1,410 |
| 2 Bed Rent | $1,650 | $1,650 |
| 3 Bed Rent | $2,190 | $2,600 |
| 4 Bed Rent | $2,600 | $2,600 |
% of Rental Stock
Property Listings — Eagan, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Eagan, MN is 26. This is a increase of 44.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $307,000 | -14.0% |
Listing Count | 13 | -17.0% |
| Listings as % of Homes | 0.1% | -17.0% |
Days on Market | 26 | 44.0% |
Demographics — Eagan, MN
As of the latest ACS Survey released in 2023, Eagan, MN has a population of 9,330, which has increased by 8.8% over the past 5 years. Eagan, MN is a moderately popular place for families, as children make up 21.0% of the population. The area has a moderately educated workforce, with 41.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,330 | 8.8% |
% Under 18 | 21.0% | 0.5% |
% Seniors | 13.6% | 23.6% |
% WFH | 18.9% | 339.5% |
% w/ College Degree | 41.7% | -10.5% |
As of the latest ACS Survey released in 2023, Eagan, MN is a predominantly white area, with 54.4% of the population identifying as white. The white population has shrunk by 22.1% in the last 5 years. The second most common race or ethnicity in Eagan, MN is black, making up 27.4% of the population. Foreign-born residents account for 23.5% of the population in Eagan, MN, and this percentage has increased by 15.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 54.4% | -22.1% |
% Black | 27.4% | 140.4% |
% Hispanic | 4.6% | -2.1% |
% Asian | 6.1% | -40.8% |
% Foreign Born | 23.5% | 15.8% |
Mortgage and Risk — Eagan, MN
According to HUD data as of 2023, there were 27 mortgage originations in Eagan, MN, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Eagan, MN. Investor activity is low, as 0.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 27 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 0.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Eagan, MN
As of 2024, the percent of homes in Eagan, MN under the Section 8 program is 4.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Eagan, MN, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 105 |
Total Units Section 8 | 105 |
% Rentals under Section 8 | 4.4% |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $140 | $1,350 | $1,490 |
| 2 Bedroom | $170 | $1,650 | $1,820 |
| 3 Bedroom | $230 | $2,190 | $2,420 |
| 4 Bedroom | $110 | $2,600 | $2,710 |
Affordability — Eagan, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $331,000 |
| Median Household Income | $86,900 |